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Sovereign borrowing, financial assistance, and debt repudiation
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Sovereign borrowing, financial assistance, and debt repudiation (2015)Sovereign borrowing, financial assistance…Maturity, Indebtedness, and Default Risk (2012)Maturity, Indebtedness, and D…A General Equilibrium Model of Sovereign Default and Business Cycles (2012)A General Equilibrium Model o…This Time Is Different (2009)This Time Is DifferentThe Economics and Law of Sovereign Debt and Default (2009)The Economics and Law of Sove…Sovereign default and debt renegotiation (2009)Sovereign default and debt re…Recovery Before Redemption: A Theory of Delays in Sovereign Debt Renegotiations (2009)Recovery Before Redemption: A…Long-duration bonds and sovereign defaults (2009)Long-duration bonds and sover…Default Risk and Income Fluctuations in Emerging Economies (2008)Default Risk and Income Fluct…Debt Defaults and Lessons from a Decade of Crises (2007)Debt Defaults and Lessons fro…Defaultable debt, interest rates and the current account (2005)Defaultable debt, interest ra…Business cycles in emerging economies: the role of interest rates (2005)Business cycles in emerging e…Sovereign Borrowing by Developing Countries: What Determines Market Access? (2004)Sovereign Borrowing by Develo…Self-Fulfilling Debt Crises (2000)Self-Fulfilling Debt CrisesA self-fulfilling model of Mexico's 1994–1995 debt crisis (1996)A self-fulfilling model of Me…Servicing the Public Debt: The Role of Expectations* *I have greatly benefited from comments received at Johns Hopkins University, Georgetown University, the Macro Lunch Group of the University of Pennsylvania, MIT, and the Research Department of the International Monetary Fund. I am particularly indebted to Matt Canzoneri, Sara Guerschanik-Calvo, Joseph Harrington, Jr, Elhanan Helpman, Nissan Leviatan, Maury Obstfeld, Assaf Razin, Sweder van Wijnbergen and two anonymous referees. The research on this paper was partly done while I was a visiting scholar at the Research Department of the Internationed Monetary Fund, and it was partially funded by the National Science Foundation. However, any opinions expressed are entirely my own and not those of any of the above institutions. This paper has already been published in the The American Economic Review, 78, 4, September 1988, pp. 647–661. (1989)Servicing the Public Debt: Th…Debt with Potential Repudiation: Theoretical and Empirical Analysis (1981)Debt with Potential Repudiati…Rules Rather than Discretion: The Inconsistency of Optimal Plans (1977)Staggered prices in a utility-maximizing framework (1983)Staggered Prices in a Utility-Maximizing Framework (1996)Unique Equilibrium in a Model of Self-Fulfilling Currency Attacks (2002)The European Sovereign Debt Crisis (2012)Fault lines: how hidden fractures still threaten the world economy (2010)Growth in a Time of Debt (2010)From Financial Crash to Debt Crisis (2011)Credit Booms Gone Bust: Monetary Policy, Leverage Cycles, and Financial Crises, 1870–2008 (2012)Econometric measures of connectedness and systemic risk in the finance and insurance sectors (2012)Agency Costs, Net Worth, And Business Fluctuations (1988)Credit Cycles (1997)Overborrowing and Systemic Externalities in the Business Cycle (2011)Sovereign Default, Domestic Banks, and Financial Institutions (2013)Inequality, Leverage, and Crises (2015)Optimal fiscal and monetary policy in an economy without capital (1983)Optimal Taxation of Capital Income in General Equilibrium with Infinite Lives (1986)Currency crashes in emerging markets: An empirical treatment (1996)Foundations of International Macroeconomics (1997)How Sovereign Is Sovereign Credit Risk? (2011)Lifetime Portfolio Selection under Uncertainty: The Continuous-Time Case (1969)Maximum Likelihood Methods for Models of Markets in Disequilibrium (1974)Imperfect Information, Uncertainty, and Credit Rationing (1976)Information and the Change in the Paradigm in Economics (2002)Default Risk and Income Fluctuations in Emerging Economies (2007)On the Determination of the Public Debt (1979)The Twin Crises: The Causes of Banking and Balance-of-Payments Problems (1999)Growth Dynamics: The Myth of Economic Recovery (2008)Sovereign Defaults: The Price of Haircuts (2011)American Economic Review (2019)Investment, Capacity Utilization and the Real Business Cycle (1986)Trade Liberalization, Intermediate Inputs, and Productivity: Evidence from Indonesia (2007)Currency Choice and Exchange Rate Pass-Through (2010)Sudden Stops, Financial Crises, and Leverage (2010)Sovereign Risk, Fiscal Policy, and Macroeconomic Stability (2012)Closing Small Open Economy Models (2002)Systemic Banking Crises: A New Database (2008)Stories of the Twentieth Century for the Twenty-First (2012)Systemic Banking Crises Database II (2020)Emerging Market Business Cycles: The Cycle Is the Trend (2007)
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References

  • 2009This Time Is Different4,955 cited
  • 1981Debt with Potential Repudiation: Theoretical and Empirical Analysis2,611 cited
  • 2005Business cycles in emerging economies: the role of interest rates1,360 cited
  • 2008Default Risk and Income Fluctuations in Emerging Economies1,280 cited
  • 2005Defaultable debt, interest rates and the current account800 cited
  • 2000Self-Fulfilling Debt Crises744 cited
  • 2009The Economics and Law of Sovereign Debt and Default562 cited
  • 2012A General Equilibrium Model of Sovereign Default and Business Cycles526 cited
  • 2007Debt Defaults and Lessons from a Decade of Crises451 cited
  • 1989Servicing the Public Debt: The Role of Expectations* *I have greatly benefited from comments received at Johns Hopkins University, Georgetown University, the Macro Lunch Group of the University of Pennsylvania, MIT, and the Research Department of the International Monetary Fund. I am particularly indebted to Matt Canzoneri, Sara Guerschanik-Calvo, Joseph Harrington, Jr, Elhanan Helpman, Nissan Leviatan, Maury Obstfeld, Assaf Razin, Sweder van Wijnbergen and two anonymous referees. The research on this paper was partly done while I was a visiting scholar at the Research Department of the Internationed Monetary Fund, and it was partially funded by the National Science Foundation. However, any opinions expressed are entirely my own and not those of any of the above institutions. This paper has already been published in the The American Economic Review, 78, 4, September 1988, pp. 647–661.450 cited
  • 2009Sovereign default and debt renegotiation439 cited
  • 1996A self-fulfilling model of Mexico's 1994–1995 debt crisis

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421 cited
  • 2004Sovereign Borrowing by Developing Countries: What Determines Market Access?418 cited
  • 2009Long-duration bonds and sovereign defaults411 cited
  • 2012Maturity, Indebtedness, and Default Risk382 cited
  • 2009Recovery Before Redemption: A Theory of Delays in Sovereign Debt Renegotiations274 cited
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